Production & Cost

A. Use the following data to compute for average product and marginal product. Number of Workers Total Product Marginal Product Average Product 0 0 1 5 2 l 5 3 30 4 S 6 7 8 B. Plot the total, average and marginal product and identify the stages of production. 1. Suppose the Perez Enterprises has the following cost schedule. Its TFC is P1,000 per month and its variable cost are in column 3. Complete the table below and graph TFC, TVC and TC and the AFC, AVC, ATC and MC curves in another graph Output TFC TVC TC AFC AVC ATC MC 0 1,000 0 1,000 0 0 0 1,000 500 N 1,000 W 2,000 3,500 UI 5,500 C